While a big reason for today's rally was a fresh bout of trade deal optimism following an overnight Bloomberg report that the US is preparing for a "final trade deal" that President Trump and Chinese counterpart Xi Jinping could sign in weeks, moments ago Trump appeared to pour gasoline on the carefully scripted theater of trade negotiations between Washington and Beijing - scripted because as most strategists realize very well (or at least they should) there is no way that China will ever accept being dictated terms from the US on how to treat its currency or to never again participate in "technological transfer" as Rabobank's Michael Every explained this morning - when he tweeted that he has "asked China to immediately remove all Tariffs on our agricultural products (including beef, pork, etc.) based on the fact that we are moving along nicely with Trade discussions and I did not increase their second traunch of Tariffs to 25% on March 1st."